Spirit Airlines, Inc., et al.
Case Number:
1:24-bk-11988
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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December 17, 2024
Purdue, FTX Top Biggest Bankruptcy Cases, Trends Of 2024
The U.S. Supreme Court's decision to throw out nonconsensual third-party releases in opioid maker Purdue Pharma's Chapter 11 reverberated through the bankruptcy domain in unexpected ways this year, but it was just one among many major events to shape bankruptcy in 2024.
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December 17, 2024
Spirit Airlines Gets OK For Jan. Hearing On Ch. 11 Plan
A New York bankruptcy judge Tuesday set the hearing on Spirit Airlines' Chapter 11 plan for the end of January, overriding arguments by the U.S. Trustee Office that the case doesn't need to move this fast.
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December 16, 2024
Judge Kills Infowars Sale, BigLaw Firms Duck Suit
A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed.
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December 13, 2024
US Trustee Wants Spirit To Explain Counsel Bid For Ch. 11
The U.S. Trustee's Office is opposing Spirit Airlines' bid to hire Davis Polk & Wardwell LLP as primary counsel in its Chapter 11 and Morris Nichols Arsht & Tunnell LLP as its conflicts counsel, telling a New York bankruptcy court that the carrier needs to specify what potential conflicts of interest exist.
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December 11, 2024
US Trustee Wants To Pump Brakes On Spirit Airlines Ch. 11
The Office of the U.S. Trustee has objected to the pace of Spirit Airlines' Chapter 11 case, saying the ultra-low-cost carrier's bankruptcy is too large and complex for the court to allow a rush to a combined confirmation and disclosure statement hearing in February.
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December 03, 2024
Catching Up With New Bankruptcy Case Action
In a more muted holiday week for bankruptcy filings, the courts still saw several cases come in, including the U.S. arm for iconic vodka brand Stoli and the Cayman Island subsidiaries of struggling budget airline Spirit.
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December 02, 2024
Deal Struck In Discount Chain Plan, No Sanctions In J&J Case
Holders of notes issued by 99 Cents Only will take a $297 million haircut, Beasley Allen dodged discovery sanctions in Johnson & Johnson's latest spinoff bankruptcy and a Mexican industrial equipment leasing group sought U.S. recognition for its reorganization. This is the week in bankruptcy.
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November 26, 2024
Spirit Airlines Gets Nod On Initial Jet Sales In $519M Deal
A New York bankruptcy judge on Tuesday blessed the sale of five Spirit Airlines planes to aerospace company GA Telesis as part of a larger $518.9 million deal for 23 of Spirit's Airbus jets.
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November 25, 2024
Spirit's Cayman Units To Hit Ch. 11 As Airline Eyes Swift Reorg
Four Spirit Airlines subsidiaries in the Cayman Islands were expected to file for bankruptcy protection Monday and ask a New York federal court to join the company's main Chapter 11 case, a move that Spirit says will help keep the debtor on course to confirm a reorganization plan.
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November 25, 2024
Meet The Attorneys Helping Spirit Airlines Navigate Ch. 11
Ultra-low-cost airline Spirit has called on lawyers from Davis Polk & Wardwell LLP to see it through a prearranged Chapter 11 meant to address $3.6 billion in funded debt after the U.S. Department of Justice thwarted the company's bid to merge with JetBlue.